Bhutan imports, exports to have 4 new transit points

New Delhi, July 28 | Updated: Jul 29 2006, 05:30am hrs
India and Bhutan on Friday signed a new agreement on trade, commerce and transit, providing for four new exit/entry points for the imports and exports from Bhutan, in addition to the existing 12 points.

The new pact, inked by commerce and industry minister Kamal Nath and his Bhutanese counterpart, Lyonpo Yeshey Zimba, will replace the current agreement, signed in February 1995.

The new exit/entry points in India are road routes, namely, Phulbari and Dawki besides sea and air routes, namely, Mumbai and Chennai. The import/export procedure prescribed in the protocol to the current agreement has also been simplified. The new agreement, along with its protocol, would be valid for a period of 10 years.